Guideline Value for EDAN GARDEN

Edan Garden guideline value

The current guideline value of Edan Garden, located in Oilcheri village under the Arani_Tiruvallur SRO, is Rs 350 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - II land classification.

How the guideline value of Edan Garden has changed

In the 2017 revision, the guideline value for Edan Garden was Rs 234 per sq.ft. This figure increased by 50% to Rs 350 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision, also at Rs 350 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The 2024 figure of Rs 350 per sq.ft is equal to the median guideline value for Oilcheri, which ranges from Rs 335 to Rs 400 per sq.ft.

Guideline values in Oilcheri

In Oilcheri, there are four streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value. The median guideline value for these streets is Rs 350 per sq.ft, which is the same as Edan Garden's current figure.

• Gomathi Amman Nagar: Rs 400 per sq.ft (2024)
• Annai Gomathi Nagar: Rs 335 per sq.ft (2024)
• Padmavathi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Edan Garden

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Edan Garden?

The Sub Registrar Office that covers Edan Garden is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Oilcheri

The guideline value is a crucial factor during the registration process of property transactions in Oilcheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps establish the official worth of the property, which can influence negotiations and the final sale price. Buyers and sellers should be aware of this value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Edan Garden?

The current guideline value of Edan Garden is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Edan Garden increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, remaining unchanged in 2024. The overall change from 2017 to 2024 is a 50% increase.

What is the land classification for Edan Garden?

Edan Garden falls under the Residential Class II Type - II land classification.

Which office handles property registration for Edan Garden?

The Arani_Tiruvallur Sub Registrar Office handles property registration for Edan Garden, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.

How is stamp duty calculated for properties in Edan Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000, leading to a stamp duty of Rs 24,500.